The Bank of Thailand plans to implement an additional debt restructuring package using targeted measures to help borrowers during the pandemic as the second-phase debt relief scheme expires.
There have been two phases of debt relief measures. The first started in April and the second from July. The first-phase programme is due to expire on Oct 22, while the second-phase programme will expire at the end of this year.
The additional package is intended to improve the efficiency of existing measures and address borrowers’ problem in a targeted manner, said Mathee Supapongse, deputy governor for monetary stability. Read more…..
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Investors are waiting for comments from the Federal Reserve on Wednesday. Officials have indicated that no interest rate moves are likely for several years. Noah Blackstein, portfolio manager at Dynamic Funds, joins “Squawk Box” to discuss what this could mean for the market.